Lucy Arruda

My name is Lucy and I am a Licensed Mortgage Broker as well as an Accredited Mortgage Professional with Axiom Mortgage Solutions. I have nearly 20 years of experience processing mortgages for clients and over 25 years of experience in the finance industry, my years of experience and training have helped many clients save time, money and give them peace of mind.

Clients going through a separation or divorce know it is never easy and it can be a very a stressful situation, especially when a home is involved and one party wants to remain in the home to offer stability for their children and for their own lives while going through so many changes.

This is when you want to contact a Licensed and Accredited Mortgage Professional early in the process to help guide you through your options.

For many separating couples, this involves taking the advantage of the Spousal Buy-Out Program. This program allows one spouse to “purchase” the matrimonial home from the other spouse and other spouse’s name is removed from the house title. The program allows up to 95% of the house to be financed unlike the regular bank programs which only allow 80% to be refinanced. No longer being on the house title or mortgage allows the other party to move on with their new life and possibly qualify for new home in their own name.